Top health-care stocks:

JNJ: +0.09%

PFE: -0.14%

ABT: flat

MRK: flat

AMGN: +0.21%

Health-care shares were mixed in pre-market trading Friday.

In health-care stocks news, TearLab (TEAR, TLB.TO) dropped almost 10% in recent U.S. pre-market trading Friday, after the in-vitro diagnostic company late Thursday posted weaker-than-expected financial results for Q2 and reduced its outlook for 2014 revenue. Its Q2 net loss was US$5.4 million, or US$0.17 per diluted share, compared with a net loss of US$12 million, or US$0.41 per diluted share, a year earlier. The average estimate by five analysts was for a diluted loss per share of US$0.16.

Jazz Pharmaceuticals ( JAZZ ) shares were slightly higher in recent pre-market trading, after the biopharmaceutical company said its Jazz Investments subsidiary priced an offering of $500 million in exchangeable senior notes due 2021 with a 1.875% interest rate per annum, payable semi-annually.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Read more:
Sector Update: Health-Care Shares Mixed Pre-Market; TearLab Sheds 10% on Weak Q2 Results

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August 8, 2014 at 11:48 pm by Mr HomeBuilder
Category: Sheds